The NASDAQ STOCK MARKET (NASDAQ)
The NASDAQ Stock Market (NASDAQ) trades more U.S. equities than any other U.S. exchange. As an automatic execution venue, NASDAQ increases your speed of execution, ensuring your quote updates and orders are processed nearly instantaneously. NASDAQ is renowned for its high performance INET technology and has proven reliability with 99.99+% uptime. Firms count on NASDAQ for unsurpassed speed and tested capacity to execute trades quickly and efficiently. In addition, NASDAQ's value-added products and services provide the complete package for your U.S. equity trading.
Order Types and Functionality
NASDAQ features a price/time priority model where the execution logic is fair and transparent for all market participants. All displayed limit orders are treated equally and executed in the order in which they were received at the same price. Non-displayed shares are executed after displayed shares in the order in which they were received at that price.
NASDAQ offers popular orders and functionality such as Minimum Quantity, Mid-Point Peg and Post Only orders, Self Match Prevention and Order Modify functionality, a robust suite of innovative routing strategies and our award-winning opening and closing crosses.
NASDAQ Order Type Guide
NASDAQ's equity order types are designed to help members comply with regulations and execute a range of trading strategies. To better help members understand the order types available, we invite you to view our Order Type Presentation and Order Types Guide.
CLICK HERE TO VIEW THE PRESENTATION
NASDAQ Co-Location Services offers subscribers a unique opportunity to place their own trading systems within NASDAQ data centers. Through our primary data center, firms can access all eight of NASDAQ's U.S. Markets. NASDAQ also offers customers the ability to connect to our markets from key financial data centers outside our Carteret facility through our Point of Presence Service.
The following connectivity options/protocols are available for accessing NASDAQ:
NASDAQ Global Data Products is focused on creating innovative data products that provide unsurpassed market transparency to institutional, retail and individual investors. Product offerings include real-time data feeds, web-based reports and plug-and-play technology for instant access to market data.
Real-Time Data Feeds
For firms that demand the lowest latency products, NASDAQ offers a variety of direct access data feed products from its NASDAQ market center system for equities, including:
- NASDAQ TotalView ITCH and NASDAQ Historical/TotalView Aggregated
- NASDAQ Market Velocity and Forces
- NASDAQ Market Pathfinders
- NASDAQ Last Sale
- Global Index Data Service (GIDS)
Please refer to the U.S. direct connectivity or extranet providers list for access options to the NASDAQ data centers. Please refer to the Data Products Specifications page for technical interface information for NASDAQ direct data feed products.
NASDAQ has an extensive offering of interactive web applications, including inbound data entry interfaces and graphical display products to ease customer technology requirements and allow the information to reach the end-customers more quickly.
For more information about our web-based product offerings, please visit the Direct Web Products page.
NASDAQ offers a variety of reports via a secured website and secured FTP server giving customers an opportunity to increase profits through unsurpassed market transparency. For more information about our report product offerings, please visit the Reports page or refer to the links below:
To subscribe to any of our market data products please contact your NASDAQ Global Data Products Account Manager at +1 301 978 5307 or visit the Global Data Products Administration page to complete the appropriate agreements and forms.
Trading and Connectivity
Fact Sheets and Guides
- Fact Sheet & Guides Page
- Dark & Cost Fact Sheet
- NASDAQ Qualified Market Maker FAQs
- Investor Support Program
- Post-Only Order
- Market Maker Peg Order
- Mid-Point Peg
- Mid-Point Peg Post-Only Order
- Price Sliding
- Self Match Prevention
- Order Types and Modifiers
- Routing Strategies Guide
- Protocol Quick Reference Guide
- NASDAQ Order Entry Reference Guide
- Single Stock Trading Pause FAQs
- MOPP Routing Strategy
- AQR & Market Maker Peg FAQ